Chinese Oil Market - October Update - Oct 22, 2011

Citronella

Crude oil, annual output about 700 tons

Since August following the new crop for Citronella Oil, most of essential oil traders look to renew their stock, hence can make the price increase momently, but already it's come back to the same level of Q2 again in September. In past years the price would always increased at this time but as the Chinese prices are under pressure from reducing Indonesian Citronella, prices have remained steady.

Turpentine oil

Crude oil, annual output about 12000 tons

Following the recent Chinese Gum Turpentine crop in June prices have continued to slide. Over the course of 2011 prices have fallen almost 40%

Eucalyptus Oil

Crude oil, annual output about 6000 tons

The harvest season is over now (July - September) and the available volume on the market is limited. In former years, the price would rise at this time following a disappointing crop but so far this year, the price has not changed for more than 3 months. This is the most steady the market has been for many months.

Litsea Cubeba Oil

Crude oil, annual output about 2000 tons

The output is higher than last year, as well as the quality being better. Many farmers joined into this material and collect crude oils so the price is little lower than last year.

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